August 8, 2017

DUO: Ivanhoé Cambridge signs a lease with Valotel and GLT-URBAN for the project’s hotel, restaurant and skybar

A decisive new step for DUO, located in the 13th arrondissement

Ivanhoé Cambridge and the Valotel and GLT-URBAN group have signed a lease for the hotel to be built as part of the DUO project in Paris. This signing marks a decisive new step for DUO, located in the city’s 13th arrondissement. DUO is a real estate complex conceived by Jean Nouvel and developed by Ivanhoé Cambridge and co-investor Natixis, also the office space tenant, and by Hines, the associate developer.

Following an international competition, Ivanhoé Cambridge has chosen to entrust the creation and operation of the hotel within DUO to Pascal Donat, Chair of the Valotel management board, and Laurent Taieb, founder of Kong restaurant in Paris. They have joined forces with Philippe Starck, the famous French visionary designer, to complete the establishment’s interior decoration and have joined forces with the AccorHotels group to put the hotel under the MGallery by Sofitel banner.

The hotel will be located on the 10 upper floors of the DUO 2 tower (122 m in height) and will offer 139 rooms with stunning views, a restaurant and a skybar on the top floor. Mr. Starck’s interior decoration and design concept will put its mark on an already iconic project.

The panoramic bar and its unique view of the entire Paris metropolis, together with the restaurant, will also welcome customers from outside the hotel. This aligns in with Ivanhoé Cambridge’s ambition of providing outstanding spaces in DUO that are open to the public and fully connected to their surroundings.

Bill Tresham, President of Ivanhoé Cambridge, states: “These two hotel industry experts and pioneers, with their skills and know-how, will partner with Philippe Starck, one of the most world-renowned French creators, to develop an exceptional venue for Parisians and visitors alike. Once again, we are enabling the creation of lively and sustainable spaces.”

Ivanhoé Cambridge was advised in this operation by Allen & Overy and JLL Hotels & Hospitality. GLT-Urban and Valotel were advised by Jean-David Zerdoun.

About DUO
Located at the edge of the vast Paris Rive Gauche project in the 13th arrondissement, the DUO towers (180 metres and 39 storeys for DUO 1 and 122 metres and 29 storeys for DUO 2), designed by Jean Nouvel, will add to the district’s vitality by providing not only close to 90,000 m2 of office space but also a hotel and a “skybar” offering spectacular views of Paris. These two towers will offer innovative, environmentally friendly workspaces as well as spaces open to the public that will encourage encounters and exchanges, including an auditorium, shops, a garden and greenery-filled terraces. Registered under the WELL Building Standard label, DUO demonstrates the willingness to meet the toughest criteria in terms of the comfort, health and well-being of future users. It will achieve outstanding energy performance with LEED® Platinum, HQE® and Effinergie+ certification. In addition, Wired Certification will confirm the project’s connectivity potential and will help establish DUO’s positioning as a pioneer building suited to new ways of working.

We also suggest